NECESSITY,
FUNCTION, AND CONFORMITY: KRS 161.515 provides that members of the Teachers'
Retirement System may secure credit for out-of-state service under certain
circumstances, and requires the trustees to set the interest rate on
contributions made to cover this service. This administrative regulation is
intended to provide the procedures required to carry out the provisions of this
statute and to set the interest rate to be charged.

Section 1. In
presenting out-of-state service for credit, the most recent service may be
presented first in order.

Section 2.
Persons presenting out-of-state service credit shall be required to file an
appropriate affidavit on forms provided by the retirement system certifying
that the service being transferred is not being used at present and will not be
used in the future to qualify for any benefits from any other retirement
program.